Skywest Inc

SKYW

Equity

ISIN null / Valor 970855

NASDAQ (2026-06-05)

USD 84.45+1.32%

Skywest Inc
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About company

SkyWest, Inc. is a publicly traded holding company headquartered in St. George, Utah, whose principal business is operating regional air transportation under capacity-purchase agreements with major North American carriers. Through its SkyWest Airlines operations it provides crews, aircraft, maintenance and flight operations services that operate feeder and short-haul routes on behalf of partners such as United, Delta, American and Alaska, deploying a fleet composed largely of regional jets (notably Embraer E175s and Bombardier/CRJ family aircraft). The company’s revenue model centers on contracted flying for larger network carriers rather than selling tickets under its own brand, and its operations focus on connecting smaller markets and feeding passengers into the route networks of its airline partners.

Summarized from source with an LLMView SourceSector: Consumer Services

Profit & EPS

Q1 2026 net income was $102 million (diluted EPS $2.50), up slightly from $101 million ($2.42 diluted) in Q1 2025; Q1 2026 results included a discrete $12 million income tax benefit (~$0.29 per diluted share).

Revenue and Operating Results

Revenue rose 7% year-over-year to $1.013 billion. Operating income was $123.7 million; operating expenses increased 10% to $889 million, driven by higher production and pilot training costs.

Production and Traffic

Block hours increased 3% year-over-year to 362,933 hours. Departures were up 1.1% while passenger counts were essentially flat (10.33M vs 10.39M). Passenger load factor was 78.0%, down 0.6 points versus Q1 2025.

Fleet and Deliveries

SkyWest had ~500 aircraft in service or under contract as of March 31, 2026, including 271 E175s. One E175 was delivered in Q1 2026; SkyWest anticipates a total of 69 additional E175 deliveries across 2026–thereafter and expects to exceed 300 E175s by the end of 2028.

CRJ450 Conversion

SkyWest reiterated plans to convert its CRJ200s to a 41-seat, dual-class CRJ450 configuration, with the first redesigned CRJ450 expected to enter service in Fall 2026 and include Starlink Wi‑Fi and a redesigned cabin.

Capital, Liquidity & Balance Sheet

Cash and marketable securities were $627 million at 3/31/2026 (down from $707M at 12/31/2025). Total debt remained about $2.4 billion. Q1 capex was $102 million (E175, spare engines, other fixed assets).

Share Repurchase

SkyWest repurchased 783,000 shares for $75 million in Q1 2026 at an average price of $96.18; $138 million remained available under the current repurchase program as of March 31, 2026.

Notable Operational Metrics

Adjusted flight completion remained strong at 99.9%; raw flight completion was 97.2% (including weather cancellations). Average trip length increased slightly to 472 miles.

Summarized from source with an LLMView Source

Key figures

-16.3%1Y

154%3Y

75.9%5Y

Performance

35.7%1Y

37.3%3Y

43.7%5Y

Volatility